MN HF3384

Exempts tangible personal property awarded as prizes in connection with lawful gambling as defined in section 349.12, effective for sales and purchases made after June 30, 2018.

Exempts the lease or purchase of gambling equipment by organizations licensed to conduct lawful gambling under chapter 349 from sales and use taxes, effective for sales and purchases made after June 30, 2018.

Removes the prohibition on prize exemptions for lawful gambling by striking language that previously excluded such prizes from the exemption available for festival and carnival prizes.

Clarifies gambling tax collection and disposition procedures, including that one-half of one percent of gambling tax revenue is appropriated to the commissioner of human services for compulsive gambling treatment programs and problem gambling awareness initiatives, effective July 1, 2018.